Shaw Communications Inc. (SJR) - NYSE
  • Fri, Jul. 15, 10:17 AM
    • Shaw Communications (NYSE:SJR) managed to triple profits (GAAP basis) in its fiscal Q3 results with the help of its reconfiguration, acquiring Wind Mobile and selling off media assets.
    • After trading up premarket, shares are off 0.7% on the NYSE early this morning.
    • Gains from the C$2.65B sale of Shaw Media to Corus Entertainment led the company to EPS of $1.44 vs. a year-ago $0.42. Of that, the company is classifying $1.33 as from discontinued operations as part of its new pure-play comms approach, leaving $0.11 from continuing operations vs. a year-ago $0.28.
    • The company lost accounts on the consumer side, however: down 47,256, vs. a year-ago decline of 46,023. Of those, cable TV subs fell by 47,482 while satellite video grew by 3,847. Internet subs fell by 8,760 and phone subscribers declined by 14,861.
    • In Business Network Services, the company added 1,489 cable TV subs and lost 2,734 satellite TV subs. Internet subs grew by 458 while phone subs grew by 5,094.
    • Wind Mobile got its one millionth subscriber by May 31. Average revenue per user rose to $36.30 from Q2's $35.
    • Press Release
    | Fri, Jul. 15, 10:17 AM
  • Fri, Jul. 15, 8:05 AM
    • Shaw Communications (NYSE:SJR): FQ3 EPS of $0.11 may not be comparable to consensus of $0.35.
    • Revenue of $1.28B (+12.3% Y/Y) misses by $10M.
    • Press Release
    | Fri, Jul. 15, 8:05 AM
  • Wed, Jun. 29, 5:50 PM
    • Shaw Communications (NYSE:SJR) declares C$0.09875/share monthly dividend, in line with previous.
    • Forward yield 4.77%
    • Payable Sept. 29; for shareholders of record Sept. 15; ex-div Sept. 13.
    • Payable Oct. 28; for shareholders of record Oct. 14; ex-div Oct. 12.
    • Payable Nov. 29; for shareholders of record Nov. 15; ex-div Nov. 11..
    | Wed, Jun. 29, 5:50 PM
  • Wed, May 11, 11:09 AM
    • Canada has denied an appeal by BCE of a decision that requires its telecoms to share their last-mile fiber connections.
    • That means the decision by its regulator (Canadian Radio-television and Telecommunications Commission) is upheld, and smaller firms will get an expansion foothold as Canada's big three -- BCE, Telus (NYSE:TU) and Rogers Communications (NYSE:RCI) -- will have to share connections to homes and businesses.
    • The CRTC made the decision to protect competition in the sector. It "strikes the right balance between the private sector having incentive to invest and consumers having a competitive choice," says Navdeep Bains, the country's minister of innovation.
    • In U.S. trading: BCE -0.4%; TU +1.4%; RCI +0.5%. Shaw Communications (NYSE:SJR), entering the wireless market through its acquisition of Wind Mobile, is up 0.7%.
    • Now read Shaw Communications Picking A Challenging Time To Work To Become The Fourth Major Canadian Telecom Giant »
    | Wed, May 11, 11:09 AM | 4 Comments
  • Tue, May 3, 12:50 PM
    • Streaming service Shomi has expanded its reach further by adding Xbox One to its platforms.
    • The service, jointly offered by Rogers Communications (RCI -1.9%) and Shaw Communications (SJR -1.5%), used You.i TV to power the Xbox version, similar to its offerings for iOS/Android and the PlayStation 4.
    • In a move against Netflix, the two telecoms said last May they would open Shomi to all Canadians rather than only their own TV subscribers.
    • Shomi's now available on Web browsers, iOS/Android, Shaw and Rogers' set-tops, Xbox 360 and One, Apple TV, and Google Chromecast.
    • Now read My Top Media And Publishing Stocks For 2016 »
    | Tue, May 3, 12:50 PM
  • Thu, Apr. 14, 5:54 PM
    • Shaw Communications (NYSE:SJR) declares C$0.09875/share monthly dividend, in line with previous.
    • Forward yield 4.96%
    • Payable June 29; for shareholders of record June 15; ex-div June 13.
    • Payable July 28; for shareholders of record July 15; ex-div July 13.
    • Payable Aug. 30; for shareholders of record Aug. 15; ex-div Aug. 11.
    | Thu, Apr. 14, 5:54 PM
  • Thu, Apr. 14, 10:13 AM
    • Shaw Communications (NYSE:SJR) is off 2.9% after seeing revenue gain slightly in its fiscal Q2 results -- but miss expectations, as did net income that declined nearly 6%.
    • EBITDA of C$658M came in ahead of an expected C$567.9M, though.
    • Shortly following the end of the quarter on Feb. 29, the company closed on its acquisition of Wind Mobile and its sale of Shaw Media, shifting the forward business considerably toward wireless communications and a purer play on connectivity.
    • Revenue by segment: Consumer, $934M (down 0.3%); Business Network Services, $137M (up 6.2%); Business Infrastructure Services, $89M (up 48.3%).
    • Press Release
    • Now read Shaw Communications Picking A Challenging Time To Work To Become The Fourth Major Canadian Telecom Giant »
    | Thu, Apr. 14, 10:13 AM | 1 Comment
  • Thu, Apr. 14, 8:13 AM
    • Shaw Communications (NYSE:SJR): FQ2 EPS of C$0.24 misses by C$0.10.
    • Revenue of C$1.15B (+2.7% Y/Y) misses by C$120M.
    • Press Release
    | Thu, Apr. 14, 8:13 AM
  • Fri, Apr. 1, 12:52 PM
    | Fri, Apr. 1, 12:52 PM | 1 Comment
  • Wed, Mar. 23, 5:13 PM
    • Corus Entertainment (OTCPK:CJREF -2.3%) has gotten the OK for its C$2.65B takeover of Shaw Media (SJR -1.5%) from the Canadian Radio-television and Telecommunications Commission.
    • That clears the decks for a closing on April 1. Shareholders approved the deal on March 9 -- including minority shareholders, amid concerns that the Shaw family that controls both companies was unfairly benefiting.
    • The deal's C$2.65B price is to be paid through a combination of cash and Corus Class B shares; Corus gets a combined media portfolio that covers 45 specialty services, 15 conventional channels, 39 radio stations, and a global content business along with digital assets.
    • Previously: Corus shareholders approve C$2.65B Shaw Media purchase (Mar. 09 2016)
    • Previously: Regulator: Corus doesn't need more disclosure on C$2.65B Shaw deal (Mar. 07 2016)
    | Wed, Mar. 23, 5:13 PM
  • Wed, Mar. 9, 5:26 PM
    • Shaw Communications (SJR +0.3%) is rolling out an overhaul of its senior leadership team.
    • All on the team will report to CEO Brad Shaw. Jay Mehr, most recently executive VP and chief operating officer, is named president and takes responsibility for operational and customer-facing areas, including the recently acquired Wind mobile business.
    • Vito Culmone is chief financial officer with new responsibility for facilities and real estate. Jim Little is chief marketing and culture officer, taking on new duties in human resources and Shaw corporate culture.
    • Peter Johnson leads the legal team as chief legal and regulatory officer, taking on expanded roles in regulatory and government relations.
    • The rest of the team: Trevor English, chief strategy and business development officer; Nancy Phillips, CEO of ViaWest; and Zoran Stakic, chief technology officer.
    | Wed, Mar. 9, 5:26 PM
  • Wed, Mar. 9, 12:13 PM
    | Wed, Mar. 9, 12:13 PM | 2 Comments
  • Mon, Mar. 7, 4:40 PM
    | Mon, Mar. 7, 4:40 PM | 2 Comments
  • Fri, Mar. 4, 7:11 PM
    | Fri, Mar. 4, 7:11 PM
  • Wed, Mar. 2, 11:31 AM
    • CraveTV -- the streaming service formerly available only to Bell Media (BCE -1.3%) subscribers -- has come to Shaw Cable and Shaw Direct (SJR -2.4%) customers in Western Canada.
    • Customers can access the C$6/month service through Shaw's FreeRange TV app or by downloading CraveTV's app (both for iOS/Android). CraveTV is also available on other viewing platforms, including Apple TV, Chromecast, Windows 8.1, Samsung devices and on the Web.
    • Shaw and Rogers Communications (RCI -0.7%) opened their joint streaming-video competitor, Shomi, to all Canadians last year in a move against Netflix.
    • Shaw says it's made FreeRange TV the "most compelling television viewing app" by combining CraveTV, Shomi and live TV on the go.
    • Previously: Canada's Shomi service comes to PlayStation 4 (Jan. 29 2016)
    • Previously: Rogers, Shaw aim at Netflix in Canada by opening streaming service (May. 27 2015)
    | Wed, Mar. 2, 11:31 AM
  • Tue, Mar. 1, 9:10 PM
    • Corus Entertainment (OTCPK:CJREF +1.6%) has fired back against Catalyst Capital, which has raised concerns about Corus' planned C$2.65B acquisition of Shaw Media and proposed to terminate an outstanding Corus subscription receipts offering for what Corus calls a "hypothetical" rights offering.
    • Catalyst had complained to regulators with concerns that the Shaw family -- which controls both Corus and Shaw Media parent Shaw Communications (SJR +2.7%) -- could reap C$50M just for making the deal happen. It also calculated a different fair value for Shaw Media than Corus has.
    • The hypothetical rights offering is inconsistent with Catalyst's recommendation that shareholders vote against the acquisition of Shaw Media," Corus says in a statement. "If the acquisition is not approved, Corus would have no need to raise the funds proposed under their rights offering. Holders of Corus subscription receipts would have their funds returned.
    • Subscription receipts are a common form of financing, Corus continues, while rights offerings are almost always for situations of financial hardship. The company thinks Catalyst's plan is an attempt to profit from minority shareholders, and possibly take a large stake in Corus.
    • A special meeting is set for March 9 to vote on the deal.
    • Previously: Corus running into hurdles in C$2.65B Shaw Media purchase (Feb. 23 2016)
    | Tue, Mar. 1, 9:10 PM
Company Description
Shaw Communications, Inc. operates as a diversified communications and media company, which provides consumers with broadband cable television, Internet, home phone, telecommunications services, satellite direct-to-home services and engaging programming content. It operates through three... More
Sector: Services
Industry: CATV Systems
Country: Canada